The adoption of solar for home has taken the world by storm. The numerous benefits of solar energy have nudged many homeowners towards sustainable living.
If you’ve been meaning to install rooftop solar at your home, too, you must be having a lot of questions about how much you can save by going solar, how it protects the environment and a lot more.
In fact, you might have also come across statements such as solar systems are very expensive, or they don’t work during the rainy season. However, these are both myths, and they might have been holding you back from going solar.
Therefore, we have created this guide. It will answer all your questions – how does solar for home save money, how much money it saves, and what myths you shouldn’t heed.
If this is something you would like to know, dive in. By the end of this post, you’ll have all the facts about solar at the back of your hands.
Table of Contents
What is the cost of solar installation – is it very expensive?
We’ll walk you through the figures, but first things first – there’s a price range that we can give you. Only your vendor can provide the final quote since a lot depends on what kind of solar panels and solar inverters you choose, the current net metering charges in your area, and more.
However, we can give you a price range that’ll give you a solid idea about why you shouldn’t believe when somebody says that solar for home is very expensive despite going solar costs above a lakh.
Here is the cost of solar system on a kilowatt basis
- 1 KW: ₹70,000 to ₹1,10,000
- 2 KW: ₹1,40,000 to ₹1,80,000
- 3 KW: ₹1,80,000 to ₹2,40,000
- 4 KW: ₹2,40,000 to ₹3,20,000
- 5 KW: ₹3,00,000 to ₹4,00,000
- 10 KW: ₹6,00,000 to ₹8,00,000
First of all, the government offers a subsidy for installing on-grid rooftop solar systems for homes.
Here is the subsidy offered and the final price after the subsidy.
| System’s capacity | Price without subsidy | Subsidy offered | Price after subsidy |
| 1 KW | ₹70,000 to ₹1,10,000 | ₹14,588 | ₹55,412 to ₹95,412 |
| 2 KW | ₹1,40,000 to ₹1,80,000 | ₹29,176 | ₹1,10,824 to ₹1,50,824 |
| 3 KW | ₹1,80,000 to ₹2,40,000 | ₹43,764 | ₹1,36,236 to ₹1,96,236 |
| 4 KW | ₹2,40,000 to ₹3,20,000 | ₹51,058 | ₹1,88,942 to ₹2,68,942 |
| 5 KW | ₹3,00,000 to ₹4,00,000 | ₹58,352 | ₹2,41,648 to ₹3,41,648 |
| 10 KW | ₹6,00,000 to ₹8,00,000 | ₹94,822 | ₹5,05,178 to ₹7,05,178 |
Now comes why solar for home is super affordable despite its costs of a few lakhs.
Suppose the current electricity rate in your state is ₹8. It will not stay the same. It rises between 3-10% each year.
If you’re paying ₹4000 as your monthly bill, it will most likely shoot above 15 lakhs in the coming 25 years.
We’re taking 25 years as the base figure here because high-quality solar panels will last a minimum of 25 years.
Now, if your bill is ₹4000, a 4 KW system should be able to support your power needs.
And a 4KW system costs between ₹1,88,942 to ₹2,68,942.
So what do you think will be beneficial and economical down the line – grid electricity that will cost you at least rs. 15-16 lakhs in 25 years or a solar system that you can buy at less than ₹2.7 lakhs?
The bottom line is the investment that might seem a little high today will save you a large sum of money in the long run. And if the upfront cost is out of your budget currently, you can purchase solar for home from elite installers who offer EMI services.
Can installing solar for home really protect the environment?
Some people might think that connecting solar systems with environmental protection is too ambitious, but it isn’t.
Did you know that installing a 1-kilowatt solar system at home can wipe off one metric ton of atmospheric carbon dioxide? It is equal to you planting 15 trees.
Imagine if you install a 5-kilowatt solar for home, you will be the planet’s hero – you’ll kick off 5 tons of carbon dioxide from the earth, equaling you planting 75 trees.
Using solar for home is not just economically viable, it is also a great deed for the environment that will eventually benefit humankind only.
Myths you should steer clear of
We promised that we would walk you through some of the most common myths that hold back many homeowners across the globe from going solar.
Here’s us keeping our promise by not just debunking such myths but by presenting to you the facts.
| Myths | Facts |
| A solar system is only good for as long as it’s the summer season. It does not produce electricity when it rains. Thus, you will not get electricity from solar during monsoons. | A solar system uses sunlight to churn electricity. It does not use heat. Therefore, your system will produce electricity whether it’s monsoon, winter or summer. Although the units generated vary, solar for home doesn’t go dormant in terms of power generation in any season. |
| A solar system on a rooftop will make your house look cluttered and ugly. It will eventually reduce the market value of your home. | Electricity is one of the most expensive necessities of modern times. Having solar for home means if you ever put your house on sale, you’re offering the buyer a chance at getting free electricity. So, solar increases the value of homes. Besides, when installed by professionals, solar makes the rooftop look organised and appealing. |
| Solar for home is not a one-time investment because it requires frequent maintenance that’s quite expensive. | Although it does require maintenance like any other machine, maintaining solar systems is not expensive. In fact, reputable installers offer an annual maintenance contract for five years. This means promised power generation from your system will be your installer’s headache, not yours. |
Conclusion:
Having solar for home will save you a lot of money you would have otherwise wasted in paying high electricity bills. When you install the right system size at your home, your electricity bill will drop by at least 90%.Know more.
Moreover, you’ll make the planet cleaner and greener because every 1 kilowatt system equals planting 15 trees.
Thus, for the sake of savings and your and your family’s health, you must go solar.
